Wells Fargo analyst Jerry Revich initiated coverage of Republic Services (RSG) with an Overweight rating and $238 price target The firm is positive on the company’s “consistent” pricing ahead of inflation, value-added vertical integration in recycling, and scope for further high returns M&A, the analyst tells investors in a research note. Synergy-focused M&A across both environmental solutions and core solid waste is likely, the firm added.
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